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Study Guides

Actuarial Exam Preparation Courses by G.V. Ramanathan

These Study Guides are self-contained and can be used as textbooks by themselves. The exposition is lucid and efficient. There are numerous illustrative examples, and problems of varying difficulty. Besides these, questions from past exams are included in appropriate places. Solutions are provided for all the problems including the questions fom the past exams. These new editions contain revisions and additions to earlier ones.

The Study Guide for MLC is new for the Spring 2012 Exam.

Below the description of each Study Guide there are links to sample chapters, updates, errata and replacement pages.

Study Guide for Course P/Exam 1

 

All the syllabus topics are covered in a clear, logical and efficient manner and illustrated with examples. The goal is to develop a strong grasp of concepts and techniques together with an ability to apply them, so that the student will be able to set up and solve problems even when they are worded in unfamiliar ways. Numerous exercises of a wide range of difficulty are provided with the intent of honing problem solving skills.

 

Visit this site for corrections.

 

 

Contents:

 

Chapter 0: Review of results from Calculus

Chapter 1: Introductory Ideas

Chapter 2: Conditional Probability

Chapter 3: Random Variables and Distributions

Chapter 4: Moments of a random variable

Chapter 5: Multivaraite Distributions

Chapter 6: Moments of several random variables

Chapter 7: Some Discrete Random Variables

Chapter 8: Some Continuous Random Variables

Chapter 9: Normal Approximation and Applications

Chapter 10: More Distributions

 

Solutions to Problems

 

Appendix: A summary of Some Important Results

 

Practice Exam

Solutions to Practice Exam

 

 

 

 
 
 
 

NEW: Study Guide for Course MLC: 


This new book for the Spring 2012 exam is available now. It covers all the material integrating the multistate approach with the traditional approach. Each section has a number of exercises and at the end of each chapter there is a comprehensive set of problems. Complete solutions are given to all the problems.

Detailed Description here

Detailed table of contents here

For SAMPLE PAGES click here

Study Guide for Course MFE/3F:

 

This Study Guide covers all the material for SOA/CAS November 2009 Exam MFE/3F. There are numerous worked examples and end-of-the chapter problems.

 

Contents:

 

Chapter 1: Forward Contracts, No-arbitrage Pricing and Risk-neutrality

Chapter 2: Properties of Options

Chapter 3: Binomial Models

Chapter 4: Brownian Motion

Chapter 5: Black-Scholes Model and Options Pricing (including exotic options)

Chapter 6: Options Greeks

Chapter 7: Interest rate Models

Chapter 8: Simulation, Volatility and Jnesen's Inequality

 

For a detailed list of topics click here

 

For sample pages click here

 

Updates and Errata

 
Right now these are available only as electronic downloadable editions in PDF format. They are not returnable.They can be purchased from the following places: